Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade STXSeagate Tech ( (STX) ) has shared an update.
On May 5, 2026, Seagate announced that longtime director Michael R. Cannon will not stand for re-election and will retire from the Board at the conclusion of his current term in October 2026, after serving since 2011, including roles as Lead Independent Director and Board Chair. The company emphasized that his departure is not due to any disagreement over operations or strategy, and highlighted Cannon’s four-decade influence in the disk drive industry, underscoring both the depth of its board expertise and an impending leadership transition that could shape future governance dynamics.
The most recent analyst rating on (STX) stock is a Buy with a $875.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Outperform.
The score is driven primarily by strong current profitability and free-cash-flow generation, reinforced by upbeat guidance and execution highlights from the latest earnings call. This is tempered by meaningful balance-sheet risk (recent negative equity/high leverage sensitivity), and valuation that looks demanding on P/E despite an unusually high dividend yield. Technically, the trend is strong but momentum appears overextended.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
Seagate Technology Holdings, based in Singapore and listed on Nasdaq as STX, is a pioneer and leading innovator in mass-capacity data storage. Its portfolio of advanced storage solutions serves hyperscale cloud providers, enterprises, and consumers, helping them protect, create, and manage rapidly growing volumes of data for digital transformation and growth.
Average Trading Volume: 3,852,449
Technical Sentiment Signal: Buy
Current Market Cap: $165.6B
For detailed information about STX stock, go to TipRanks’ Stock Analysis page.